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Vestas Sees U.S. Wind Turbine Market Stable for Two Years

The U.S. wind turbine market is likely to be stable this year and next even though the main government incentive to the industry has expired, Vestas Wind Systems A/S Chief Executive Officer Anders Runevad said.

The unpredictability of stop-start government incentives for wind in the U.S. has led to a boom-bust market in recent years. While the main incentive to the industry, the Production Tax Credit, or PTC, expired at the end of 2013, new criteria mean projects that were started last year can still qualify so long as they finish construction by the end of 2015.